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MDP - Company - Adding or Updating Bank Details

Guide on how to add or update your company's bank details

Written by Sharabin Mathi

This article explains how to add or update your company’s bank details in MDP. You can add bank details when creating a new company or update them later from the Company List.

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Adding Company Bank Details

You can add your company’s bank details when creating a new company or update them later when managing an existing company.

Select the account type that applies to your company:

Account Type

Field Details

Bank Account

Bank Name, Account Name, Account Number, Sort/Bank Code, Bank File Type

Building Society

Bank Name, Account Name, Building Society Roll Number, Account Number, Sort/Bank Code, Bank File Type

International Bank Account

Bank Name, Account Name, Bank File Type, Recipient Address, IBAN, BIC / SWIFT, ISO Country Code (Payment), ISO Currency Code (Credit)

Save Your Bank Details

You can select one of the following options:

  • Reset – Discard the entered details.

  • Draft – Saves your progress so you can return and complete the setup later.

  • Save & Next – Saves your bank details and takes you to the next step in the company setup process.

  • Exit Setup – Exits the process and takes you back to the company list page.

Tip: Use the section indicators at the top to move between sections. For example, click Pension to go directly to the Pension section.

Updating Company Bank Details

To update the bank details of the company, please follow the steps below:

  1. Navigate to the Dashboard by clicking the logo. The Company List will then be displayed.

  2. Locate the company you want to update and click the Edit icon . This will open the company details page.

  3. In the Bank section, you will have two options based on the initial setup

    1. Add: If no bank details were added during the initial setup, you will see the + Add option. Follow the steps outlined in the Adding Company Bank Details section.

    2. More: If bank details have already been added, the More option will be available.

      1. Update the required information.

      2. Save or Discard Changes:

        • Click Save to confirm the updates.

        • Click Reset to discard any changes you have made and reload the previously saved data.

  4. Click the Close icon at the top right of the slider to discard changes.

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